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"A prosperous China benefits the world. As the host of the 2016 G20 (Group of 20) summit, China is ready to work with the rest of the world to pool wisdom, advance international economic cooperation and improve global economic governance to achieve a strong, sustainable and balanced growth," Cui said.

Yu Zhengsheng, chairman of the Chinese People's Political Consultative Conference (CPPCC) National Committee, opened the session at the Great Hall of the People in the heart of Beijing.

International institutions usually use two indexes to evaluate a country's fiscal risks -- its deficit should not exceed 3 percent of its GDP and general government debt-to-GDP ratio should not exceed 60 percent.

China's anti-corruption drive and the strict discipline of the CPC will continue, said Wang, secretary of the CPC Central Commission for Discipline Inspection. "Comprehensive reform and institution building will be carried out to eliminate the soil that breeds corruption."

The center, conceived by the China Atomic Energy Authority (CAEA) and the U.S. Department of Energy, has the capacity to train about 2,000 nuclear security staff from China and other Asia-Pacific nations each year, said CAEA director Xu Dazhe.